True Quote and Cap Gemini Ernst & Young Form Marketing Alliance to Deliver Integrated Services for Trading Customer
6 October 2000
True Quote and Cap Gemini Ernst & Young (CGE&Y) today announced a joint marketing alliance to deliver integrated services and Web-based solutions for trading platformsAs a truequote.com preferred integration provider, Cap Gemini Ernst &Young will provide True Quote customers with information technology consulting, as well as system and business integration services. Additionally, True Quote and Cap Gemini Ernst &Young will private-label and license truequote.com’s advanced trading platform to the global marketplace, including turnkey solutions for other exchanges desiring real-time bid/ask systems. These services will be provided to clients under the “TQ Trade Solutions” brand name.
“We are pleased to announce this alliance with Cap Gemini Ernst &Young, one of the largest technology consulting firms in the world,” said True Quote President and CEO Dennis Crum. “This alliance will expedite the deployment of integrated solutions beyond the box, allowing us to provide powerful and cost-effective products to our customers. “
By integrating truequote.com into their existing risk management, operating and accounting systems, many of truequote.com’s customers can reduce their cost and increase their efficiencies. The truequote.com system provides application portability and intelligence to help transform the traditional supply chain into a trading community. With IT and consulting support from Cap Gemini Ernst &Young and True Quote, customers gain the ability to share, view and execute decisions based on real-time information.
Cap Gemini Ernst &Young holds a variety of industry-specific client workshops at business solution centers around the world, including its newest energy industry design and delivery centers. True Quote and Cap Gemini Ernst &Young will produce workshops that demonstrate the combined solutions. Cap Gemini Ernst &Young currently showcases a truequote.com-produced workshop for the energy industry in their Magellan Energy Trading Center of Excellence in Houston, Texas and the Advanced Development Center (ADC) in Dallas, Texas.
“As energy trading operations increasingly look to the connected economy, our relationship with truequote.com allows us to help our customers to fully exploit the expanded value creation opportunities,” said John Devlin, vice president in charge of the North American utilities practice. “The truequote.com offerings coupled with our Magellan Center offerings create a truly unique opportunity for our customers to chart a course forward and to rapidly acquire the platforms needed to succeed.”
Cap Gemini Ernst & Young is one of the largest management and IT consulting firms in the world. The company offers management and IT consulting services, systems integration, and technology development, design and outsourcing capabilities on a global scale to help traditional businesses and “dot companies” continue to implement growth strategies and leverage technology in the new economy. The organization employs more than 56,000 people worldwide and reports global revenues of about 7.7 billion euros (1999 pro forma).
With more than 5,000 dedicated consultants engaged in Energy and Utilities projects across Europe, North America and Asia Pacific and combined pro-forma sales of 800 million euros (1999), the Group’s Global Sector Unit - Cap Gemini Ernst & Young Energy & Utilities - serves the business consulting and information technology needs of many of the world’s largest players of this industry. More information about individual service lines, offices and research is available at www.capgemini.com/utilities
True Quote develops and operates independent electronic energy trading platforms and portals. These systems, designed by energy industry veterans, provide virtual trading communities for market participants to communicate and transact in an efficient, real-time environment. The truequote.com application architecture is devoted to an open-access, broker-assisted model that allows equal access to all qualified market participants.
Currently, PG&E National Energy Group, APB Energy, Inc., Cap Gemini Ernst & Young, EnFORM Technology LLC and Microsoft Corporation are the principal companies working together to develop and promote truequote.com. The technology has been developed using the latest distributed application design and development principles, as outlined in Microsoft Corporation’s Distributed Internet Application Architecture (Windows DNA). For more information please visit our website at www.truequote.com or call Lee Ann Zoeller at (800) 327-1499.
